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The current headquarters on Elsinore Place will expand to a 30-acre lot at the old Showcase Cinemas site along Reading Road.

They operate hospitals, long-term care facilities and housing sites for the elderly around the Tri-State.

They'll move from their current location in Walnut Hills to the former Showcase Cinemas site along the Norwood Lateral.

Showcase Cinemas shut down in 2008, and Catholic Health Partners will now share the space with Corinthian Baptist Church.

Church pastor KZ Smith said the church will build a new building on five acres and CHP will take up the remaining 25 acres.

Smith said the total project cost is $40 million and Cranley said a majority of that money will stay in Cincinnati to hire contractors and engineers.

"It's such a vital corner for the city, it's such a vital entryway into Bond Hill, Bond Hill is one of our great historic neighborhoods and most people who come to Bond Hill come through the Reading Corridor," Cranley said.

Cranley reflected on his time at Showcase Cinemas as a high school student and said Bond Hill is the perfect spot to develop the new headquarters for CHP.

"What we're going to have here is a whole new campus of high-paying jobs. Catholic Health Partners is the fourth largest employer in the state of Ohio, and not only are they consolidating their jobs but they're bringing about 500 jobs from around the country to Cincinnati," Cranley said.

CHP is the largest health system in the state of Ohio. It employs more than 31,000 people, operates 23 hospitals and eight long-term care facilities.

The new headquarters in Bond Hill will allow 1,000 employees to consolidate to one centralized spot in a planned 350,000 square-foot building.

In Greater Cincinnati, CHP employees work out of the Home Office at 615 Elsinore Place in Cincinnati and Mercy Health-Blue Ash Regional Office at 4600 McAuley Place, along with business partners from HealthSpan at 225 Pictoria Drive in Springdale and HealthSpan Partners Consulting in Kenwood.

CHP said the site selection still requires approval of capital investment incentives by city council, successful lease and property negotiations, and internal approvals.

Final approvals are expected to take several months but Cranley said he was hopeful to break ground this summer.